Meet the most recent recipients of micro-loans through KIVA.
Farhan of Multan, Pakistan is a 24-year-old man who opened a school believing that he could help the disadvantaged gain a strong foothold in this society by providing a quality education. He has a total of 179 students enrolled in his school; 57% are female students. He will use his loans to construct new classrooms to the school and to purchase stationery. This will help provide quality education in Pakistan’s urban slums.
Jeanne lives in Rwanda, where she runs a business providing water for distribution to areas that have no reliable access to clean and safe drinking water. Her business has expanded and now she needs a way to deliver the water. She will use the loan to purchase a van for deliver y of water to her growing base of customers, and thereby reaching a larger number of people.
BACKGROUND: Begun in the summer of 2015 with a $1500 “seed grant” from the Fred Keefe Endowment Fund (the “Love Fund”), the KIVA micro-loan project of the Social Justice Committee has, to date, loaned out more than $4800. These short-term, low-interest micro-loans, averaging between $200 and $400, are made through the KIVA organization, which has vetted the applicants, individuals with small businesses who otherwise cannot access capital for expansion through traditional bank loans.